F1 News, Reports and Race Results

F1 grid could lose team as Manor's future grows dim

The Formula One grid could shrink back to 10 teams, as Manor’s future in the sport grows dimmer.

Despite coming off a strong campaign, which saw Pascal Wehrlein reach Q3 on five occasions and score one point with 10th place at the Austrian Grand Prix, the Banbury-based outfit has been looking to secure fresh investment for several months.

Manor looked set to claim P10 in the 2016 Constructors’ championship along with the associated windfall, until Sauber’s Felipe Nasr claimed ninth in a wild Interlagos event to lift the Swiss outfit past its rivals.

Current owner Stephen Fitzpatrick downplayed the significance of the loss in Abu Dhabi at the end of last year but talks with potential buyers, including American businessman Tavo Hellmund, have not reached a successful conclusion so far.

  • GALLERY: Enzo Ferrari's private office at Fiorano

Sky News City Editor Mark Kleinman now reports that Manor will be placed into administration, barring a last-gasp rescue deal. According to the story, Fitzpatrick, who saved the team two years ago when he bought it out in its previous guise Marussia, has lined up FRP Advisory to act as the administrator.

Kleinmand adds that “Manor Grand Prix Racing Limited, which holds the rights for the team's participation in F1, will continue to trade,” quoting an unnamed source with knowledge of the situation.

Manor is the only squad yet to announce its 2017 driver line-up, and Kleinman concludes his report in saying that the team does not have the financial resources to fund its testing program.

Should Manor exit F1, it would join HRT and Caterham on the scraphead. All three outfits joined the sport in 2010 on the premise that a budget cap would be implemented. Cost control never materialised though, in the wake of opposition from other teams.

Liberty Media, which is currently in the process of a takeover of Formula 1, has been reported to be looking for ways to introduce a spending cap in the near future.

GALLERY: F1 drivers' wives and girlfriends

Keep up to date with all the F1 news via Facebook and Twitter

Julien Billiotte

Recent Posts

Ferrari and Mercedes admit to plank changes based on FIA’s TD

Ferrari and Mercedes have both modified their car’s floor element in Las Vegas to comply…

51 mins ago

Las Vegas GP: Hamilton continues on top in second practice

Lewis Hamilton put Mercedes on top of the timesheets for the second time in Las…

2 hours ago

2024 Las Vegas Grand Prix Free Practice 2 - Results

Full results from Free Practice 2 for the Las Vegas Grand Prix at Las Vegas,…

2 hours ago

Leclerc confident Ferrari ‘has a shot’ at F1 Constructors’ title

Charles Leclerc believes that Ferrari has a genuine “shot” at beating rival McLaren to Formula…

3 hours ago

Komatsu: F1 teams united against Audi 2026 cost-cap offset

Haas team principal Ayao Komatsu has revealed that nine Formula 1 teams stand in opposition…

4 hours ago

Las Vegas GP: Hamilton leads Mercedes 1-2 in trouble-free FP1

Lewis Hamilton and George Russell led the field in a chilly but trouble-free first practice…

5 hours ago